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Originally Posted by bsloan1960
We have 5 people who will inherit our assets upon our deaths. Can a Lady Bird Deed be used in the case of a property going to more than one person?
Also. Is it customary to leave a sum of money in the will to an executor? I just realized that our executor may be required to fly to Florida upon our death and that will be expensive.
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Maybe not customary but doable, especially if your executor is well informed of your wishes and trustworthy. My mother died last year and had many financial discussions with one of my siblings who she had designated as her executor. We were all aware of this and trusted her implicitly to handle things as our mother wished. My mother had let it be known to her that a certain account was to be used for expenses related to airfares for funeral attendance and anything else needed after her death. The remainder is going to be distributed to the family. Of course, my sister was also a co-signer on her accounts. That might make a difference. You could set up one account with the executor to handle expenses.